PwC comments: Effective date deferral of CECL, hedging, and leases

Start adding items to your reading lists:
or
Save this item to:
This item has been saved to your reading list.

Comment letter , PwC US Sep 16, 2019

PwC comments on FASB proposal to defer effective dates for CECL, Hedging and Leases, and to change philosophy on effective dates for major standards.

Overview

The FASB recently proposed a deferral of the effective dates for several major accounting standards, including CECL, Hedging and Leases. The proposal establishes new effective dates for certain entities for each of those standards and creates a framework for future standard setting with two “buckets.” They are (1) SEC filers other than smaller reporting companies (SRCs), as defined by the SEC) and (2) all other companies, including SRCs.

Contact us

Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

Chip  Currie

Chip Currie

Partner, National Professional Services Group, PwC US

David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

Follow us